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Evergy, Inc. (EVRG) vs Aaa Corporate Bond Yield
Correlation
of % moves
-51%
In sync
of periods
29%
History
monthsmonths · through 2026-05
60
These move in the same direction about 29% of the time
Their swing sizes loosely mirror each other (~26% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
Both lines start at the same point — easy to compare when growth rates are similar.
What to Watch
Slipping tighter
The recent pattern is tighter than its long-run baseline — keep an eye on whether this sticks.
Swings around
Their relationship swings around — sometimes tight, sometimes loose. Don't trust a single snapshot.
Advanced
Statistics
In sync(i)
28.8%
Headline metric
Movement correlation(i)
-51%
Based on % moves
95% CI
-68% → -29%
Pipeline
Pipeline Summary
60 paired data points survived the monthly window.
Raw input
1,255
1,289
Normalized
1,255
1,289
Prepared
61
1,289
Aligned
60
60
Invalid removed
Likely range of correlation
R²(i)
25.9%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points
60
Thin
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -18 to 18 months.
Selected shift
No shift
Correlation at this shift
-51%
No shift — both series at their actual dates.
59 overlapping points at this shift
Baseline
-51%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-51%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+4%
13 periods · Return correlation when both series rose
Both Falling
N/A
4 periods · Return correlation when both series fell
Diverging
-72%
42 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
1,230
A: 1 / B: 1229
Series A
Evergy, Inc. (EVRG)
EVRG
Stock · 1,255 raw → 61 prepared
Series B
Aaa Corporate Bond Yield
AAA
FRED · 1,289 raw → 1,289 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
2
Estimated crossover points between normalized spreads.
Slope
-0.5947
Linear regression slope.
Intercept
0.0145
Linear regression intercept.
Saved 2 months ago · ID: fred-aaa_stock-evrg_monthly_5y